International Labor Organization finds world labor market has worsened from last year
Posted by adminJan 25
London, United Kingdom (AHN) – The outlook for the global labor market is worse for 2012 than it was in 2011 when one in three workers or an estimated 1.1 billion people, either were unemployed or living in poverty, the International Labour Organization (ILO) says.
Findings came from its annual Global Employment Trends 2012 report released this week.
ILO officials said they were more pessimistic because three years of crisis conditions in the global labor market have created a weaker global economy. The ILO called on governments to do more to create jobs.
Calling the situation an “urgent challenge,” the ILO said governments needed to create 600 million jobs over the next decade.
ILO said it expects a sluggish labor market recovery in Southeast Asia because the global economic downturn will hamper domestic growth.
The exception to the gloomy forecast was in Latin America and East Asia where good economic conditions in large emerging economies there are pushing up job creation, the ILO said.
View full post on Labor Stories
Leave a Reply